In a post on X, Apple CEO Tim Cook called it a step towards an "end-to-end silicon supply chain" in the US, and the company thanked "the president and his administration for supporting important projects like this one" in a statement.

The roughly $30 billion agreement is expected to produce more than 15 billion U.S.-made chips through 2031.

Apple to increase spend with Broadcom to produce billions more U.S. chips